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Technical Analysis, Momentum Trading — iBankCoin

Short Ideas

by RaginCajun on June 30th, 2008 at 11:51 am

(CRM: 22.83 0.00%)

(MA: 121.09 0.00%)

(V: 48.14 0.00%)

(ICE: 50.69 0.00%)

(WFR: 10.45 0.00%)

(KTC: 10.10 0.00%)

(FMBI: 14.33 0.00%) Hat tip: FLY

(CX: 4.29 0.00%) Nice bear flag

(CMG: 38.69 0.00%) Hat tip: OA

32 Responses to “Short Ideas”

  1. Aris Says:

    i don’t have the cojones to short CRM.

  2. Cajun Says:

    I hear you.

    Meanwhile, ICO heating up.

  3. boca Says:

    I’m in MA puts and it’s starting to look good…

  4. Cajun Says:

    Shorting CRM right here @ 68.64, with a stop @ 69.05.

  5. Cajun Says:

    Boca, I will join you.

  6. Gunners Says:

    i like the WFR short right here below 62.

    I also am short EBAY via puts. below 27.2 is bad for ebay.

  7. boca Says:

    Cajun, are you going to hold your MA puts overnight? I don’t want to get an itchy trigger finger and leave a lot of profits on the table.

  8. Cajun Says:

    yes indeed, setup looks too good! fun times.

    BTW, CRM next to fall.

  9. Cajun Says:

    Gunners, WFR looks ready to DIE.

  10. Cajun Says:

    there goes CRM.

  11. boca Says:

    A very good day indeed. BTW you deserve big props for the MA idea in your video last night, thanks.

    Gunners, I have WFR puts too.

  12. Cajun Says:

    The beauty of this thread, all stocks mentioned in comments were on the top ten list.

    Time machine?

    iBC wins again.

  13. boca Says:

    Hell, I took notes on your video and then checked all the stocks out. Give this man a medal or something!

  14. Prospectus Says:

    RC,

    I’m trying to demo Think or Swim’s paper trading web-based platform, but it seems really buggy and slow. Do you use the web-based or desktop platform? Have any issues with either one?

  15. Cajun Says:

    Thanks Boca, where’s Hybrid 08?

    Pro, i find web based a little slow myself. I only use the desktop, which is superior and lighting fast.

  16. Juice Says:

    Cajun, if you saw a chart like GU, wouldn’t you short the lights out of it? Still holding long? if so, why?

    Thanks.

  17. Binky Says:

    Great job, RC! This place is quickly becoming one of my favorite stops! Keep the coin coming….

  18. Prospectus Says:

    Thanks, RC. I’ll have to see if I can figure out tunneling…

  19. Cajun Says:

    Juice,

    I’m still long, and although it looks like a short, volume is so thin that any good news could send it 5 points higher.

    I went over the last quarter and everything looked great, record numbers, sustained growth, ect. I will continue to add to this position until i see reason to sell.

  20. Cajun Says:

    Note: GGB ripping.

    another watchlist victory.

  21. Risko Says:

    GGB really looks good, the whole steel sector is smoking. What do you think about MTL (Stalnaya Gruppa Mechel), which looks more like a short, but considering the steel sector performance should push higher?

  22. Cajun Says:

    Earnings for steel companies out next week, I think SCHN is up first. This should give another boost to the sector.

    Don’t ignore GGB here!

  23. Jimmy Says:

    RC,

    How are your commissions with Think or Swim? Know of any other brokers with low commissions? Thanks.

  24. Prospectus Says:

    I put in one of my company’s proxy servers, and the ToS desktop app can connect! WIN. Now to just figure out how to use the thing.

    Jimmy,

    Totally depends on how often you trade. Zecco is free for 20 trades per month, IIRC.

  25. Cajun Says:

    added to GGB at the 20 MA (5 min)

  26. Anonymous Says:

    Cagey — one caution on GGB. Starting about May 19th or so, it looks like one of those “widening bullhorn” type formations — higher highs, lower lows. In a schitty market, those can end in tragedy.

    Also, BRICs will shit a …. well, you know, if the dollar continues tankage.

  27. Cajun Says:

    agreed. However, I have an exit nearby, the 50 day.

    Stay tunned.

  28. Jimmy Says:

    Thanks, Pro.

  29. Rolf Says:

    ICO does not seem ready. yet.

  30. Jakegint Says:

    Not sure why I came out as “Anonymous” above, but that was me.

  31. Jakegint Says:

    NRP with a healthy gain, considering it’s “all assets/no operations” safety level.

  32. Hybrid 08 Says:

    Hybrid’s right here bitches

    The gains today were minimal at best (from top 10). 1 and 2 percent is small time. Talk to me when your up 10% plus on trades. 25 cents here and there isnt getting anyone rich.

    Cajun, Ill go headed to head with you next week on a top 10. Person who has the biggest percentage gain on all ten combined, wins?

    You want some of this? Lets throw some cash on it.

    Here the deal: you cant use any picks that were featured this week on this blog or OA blog. THe only stocks you can use are what s put up on Sunday night-cant add stocks during the week.

    You gonna step up or you gonna back the fuck down?

    Dont get me wrong, I appreciate what you are doing and I think you have been on a little roll.

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